Business
FCA fines Standard Chartered Bank £102.2 million
London, April 11, 2019: The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA. Today’s announcement follows FCA investigations into two areas of…
BankIslami Pakistan signs MOU with NUST
Karachi, April 11, 2019: BankIslami Pakistan Limited, one of the leading Islamic Banks in the country, has signed a Memorandum of Understanding (MOU) with National University of Sciences & Technology (NUST), one of the leading universities of the country. The MOU signing ceremony was held at the Head Office of BankIslami Pakistan Limited. BankIslami and NUST…
Pakistan Railways increases fares
Lahore, April 10, 2019: Pakistan Railways has announced to increase the fare with effect from April 15. Pakistan Railway has increased the one way fare of Green Line from Karachi to Rawalpindi Rs 7000. In addition, Pakistan Railway has decided to close the newly launched Dhabijee Express. The rain was launched by the federal minister…
Bilawal inaugurates Engro Block II Mine & Power Projects
Islamkot, April 10, 2019: Bilawal Zardari Bhutto, the Chairperson of Pakistan People’s Party successfully inaugurated Pakistan’s first open-pit coal mine managed by Sindh Engro Coal Mining Company (SECMC) and the first power plant of Engro Powergen Thar (Private) Limited (EPTL) to run on Thar coal. The successful inauguration of both the mine & power projects…
Formal inaugurate of Thar Coal Power Plant on Wednesday
Karachi, April 9, 2019: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari will inaugurate Thar coal power plant in Islamkot, in the Tharparker District tomorrow. The power plant is part of China Pakistan Economic Corridor project (CPEC) as China actively extended financial, technical, and manpower support to complete the project. The federal government is likely…